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Freddie Mac Bets Against American Homeowners

Freddie Mac

Posted: 01/30/2012 8:13 am

ProPublica:

Freddie Mac, the taxpayer-owned mortgage giant, has placed multibillion-dollar bets that pay off if homeowners stay trapped in expensive mortgages with interest rates well above current rates.

Read the whole story: ProPublica

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Filed by Alana Horowitz  |